Grab Holdings reported revenue growth of 17% year-over-year in Q4 2024, driven by strong performance across its deliveries and mobility segments. The company continues to expand its financial services offerings across Southeast Asia.
Razorpay has crossed $50 billion in annual payment processing volume, cementing its position as India's leading payment gateway. The company is now expanding its banking services with Razorpay X.
Indonesian fintech Xendit has launched operations in Vietnam, marking its fifth market in Southeast Asia. The company now processes payments across Indonesia, Philippines, Malaysia, Thailand, and Vietnam.
Quick commerce startup Zepto has raised $665 million in its Series F round, valuing the company at $3.6 billion. The funding will be used to expand to more cities across India.
Social commerce platform Meesho has reported its first profitable quarter, achieving operational profitability in Q3 2024. The company attributes this to improved unit economics and increased seller activity.
Groww has overtaken Zerodha to become India's largest stockbroker by active users, with over 10 million active investors on its platform. The company continues to add new investment products.